Office, Slough

Property Description

• Office Investment with development potential in Greater London.
• The building is a detached B1 (a) office with a GIA of 13,494 sq ft and an NIA of 9,601 sq ft.

Location Description

• The property is located town in Berkshire, England, 20 miles (32 Km) west of central London (Charing Cross) and 19 miles (31 km) north-east of Reading.
• It is in the Thames Valley and within the London metropolitan area at the intersection of the M4, M40 and M25 motorways.
• Slough had a population of 164,000 in 2018.

Additional Information

• The office is rented in its entirety to Acorn Engineering Group Limited from 24 June 2016 until 30 June 2023 at a rent of £120,000 p.a.
• The office is very much under-rented and there is good reversionary upside on the expiry of the lease. The current rent psf is only £12.50 and rents in the area are from £18-£25 per sq foot.
• The tenant has always paid their rent on time and have expressed an interested in renewing their lease at the end of the current term. We are also reviewing the option of permitted development for conversion of the property to residential.